The global quantum dot display market size is expected to reach USD 3.96 billion by 2022 according to a new report by Grand View Research, Inc.
Increasing awareness regarding energy-efficient displays is expected to boost global quantum dot display market growth. Surge in demand for advanced QLED powered TVs has propelled industry growth.
Advancements in quantum dot (QD) technology have made them useful for television manufacturers giving them a competitive edge in the industry. Creating better color with color tuning features has become a key selling point for display manufacturers. Moreover, adoption of QDs is expected to increase in smaller displays such as in smartphones and tablet devices owing to its capabilities in creating sharp crisp displays.
Cadmium-containing semiconductor-based QDs exhibit superior performance as compared to their cadmium-free counterparts. However, the toxic nature of such heavy metals has raised environmental concerns. Regulations in EU and Japan restrict the use of cadmium, compelling vendors to focus on the development of Cadmium Free Quantum Dots (CFQD). Manufacturers offering high-performance cadmium-free QDs in adequate volumes are expected to gain competitive advantage in the market moving forward.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/quantum-dot-qd-display-market
Further key findings from the report suggest:
·
QD based LEDs or QLEDs segment dominated the
global quantum dot display industry accounting for over 45% of the market share
in 2014. QD LED technology enables OEMs to manufacture UHD TVs with enhanced
color gamut as compared to OLED UHD TVs, at reduced costs and improved
energy-efficiency. In 2014, Samsung progressed from conventional UHD OLED TVs
to QD-based LED 4K TVs to evade high development costs. Competitor TV companies
such as Panasonic, LG,and Sharp have started developing UHD TVs incorporating
QD technology, thereby driving the industry’s growth prospects.
·
QDs are made up of binary compounds such as
cadmium selenide, cadmium sulfide, cadmium telluride, and indium arsenide.
However, toxicity of cadmium and global environmental regulations like the
Restriction of Hazardous Substances (RoHS) Directive and the Toxic Substances
Control Act have limited the amount of heavy metals such as cadmium, lead, and
mercury that can be used in consumer electronic devices resulting in increased
production of CFQD technology, and opened the doors for OEMs to use QDs in a
variety of consumer electronic display devices.
·
Consumer electronics segment dominates the QD
display market accounting for over 70% of the revenue share owing to increasing
use of this technology in TVs and mobile devices. In healthcare, such display
technology is extensively used in activities such as cancer diagnosis, DNA
labeling, cellular labeling, and biological imaging.
·
North America dominated the global quantum dot
display industry acquiring over 40% of the overall global revenue share in
2014. Key QD manufacturers in the industry are based in the U.S. owing to
extensive R&D spending over advanced QD display technologies and high
production capacities.
·
Key industry participants include Dow Chemical,
Nanoco Group, Nanosys, and Quantum Material Corporation. In addition to these,
consumer electronic giants such as LG and Samsung are making joint efforts to
develop and encourage the use of CFQD, with the latter already incorporating
such advanced technology in its SUHD TV models.
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Grand View Research has segmented the global quantum dot display market on the basis of component, material, application, and region:
Quantum Dot Display Component Outlook (Revenue, USD Million, 2012 – 2022)
·
Tube
·
Film
·
LED
Quantum Dot Display Material Outlook (Revenue, USD Million, 2012 –
2022)
·
Cadmium-containing
·
Cadmium-free
Quantum Dot Display Application Outlook (Revenue, USD Million, 2012
– 2022)
·
Consumer Electronics
·
Healthcare
Quantum Dot Display Regional Outlook (Revenue, USD Million, 2012 –
2022)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
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